secwatch.observer — SEC 8-K summary
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Issuer:     Presurance Holdings, Inc. (PRHI)
CIK:        0001502292
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000950170-24-126395
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conifer posts Q3 net income of $53.3M on $61M agency sale gain; core loss deepens
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- Net income allocable to common shareholders of $52.8M ($4.32/diluted share) vs. $(2.7M) a year ago; adjusted operating loss of $7.4M ($0.60/share).
- Gross written premiums fell 60.9% to $15.1M; net earned premiums down 39.1% to $14.6M. Combined ratio worsened to 143.1% from 120.8%.
- Commercial lines GWP plunged 85.9% to $4.0M; personal lines GWP rose 10.1% to $11.1M, now 73% of total premium.
- Sale of insurance agency operations to Bishop Street Underwriters closed in August 2024, eliminating agency revenue going forward.
- Book value per share rose to $4.01 from $0.24 a year ago, boosted by the sale gain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502292/000095017024126395/0000950170-24-126395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502292/000095017024126395/cnfr-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-126395

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